USDJPY is displaying a well defined contracting wedge formation marked by a sequence of lower highs and higher lows suggesting a corrective structure in play. The price has completed five touchpoints within the wedge with the fifth point reacting off the descending resistance line indicating potential exhaustion of bullish momentum. This structure aligns with a Elliott Wave corrective triangle and the current bearish rejection near the upper boundary signals a likely downside breakout. Price action confirms the shift in sentiment with bearish pressure expected to accelerate toward the lower support line of the wedge. A clean break below this level would validate the bearish continuation setup opening the door for further downside expansion